Massachusetts House Bill H167

Massachusetts 2023-2024 Regular Session

• Introduced: 2/16/23
• Refer: 2/16/23

Caption

To provide a pilot program for low interest loans to families with a child suffering from a terminal illness

Impact

If enacted, the bill would facilitate the establishment of a loan program administered by the Department of Health and Human Services, which would oversee the application process and determine eligibility standards. As families grapple with the significant costs of medical care for terminal illnesses, the bill represents a potential lifeline, allowing them to focus on their child's well-being. By providing this assistance, the state aims to mitigate financial stress and offer some degree of support during a traumatic period in families’ lives.

Summary

House Bill 167 aims to provide financial support to families with children diagnosed with terminal illnesses through a pilot program offering low interest loans. The bill specifies a one-time loan of up to $10,000 for thirty eligible families to help cover expenses associated with their child’s medical condition. The intent of the program is to alleviate some of the financial burdens that families face during such challenging times, providing necessary assistance to manage their financial obligations related to care.

Contention

While the bill has noble intentions, it could face scrutiny regarding the operational aspects of administering financial assistance effectively. Adjusting to the needs of varying family situations and ensuring equitable access to the loan program may become points of contention during discussions. Furthermore, considerations about the repayment terms and interest rates appear critical, particularly the stipulation that failing to comply with the loan terms could increase the interest to 15%. This provision may spark debates about the fairness and potential burden on families already coping with substantial emotional and financial challenges.